K-Tech Krakens Pal Inc

Analysis

K-Tech Krakens Pal Inc is a registered charity in United States, based in Hudson, FL. It received its IRS tax-exemption ruling in January 2017, 9 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, K-Tech Krakens Pal Inc reported income of $71k and spending of $62k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $71k (-3.5%), an average of -3.5% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, K-Tech Krakens Pal Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Chatillon-Demenil House Foundation ($71k), Parent Booster USA Inc ($71k) and Childrens International Summer Village Inc Knoxville ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.